Tigo Energy, Inc. (NASDAQ:TYGO) Short Interest Down 20.6% in January

Tigo Energy, Inc. (NASDAQ:TYGO - Get Free Report) saw a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 169,700 shares, a decrease of 20.6% from the January 15th total of 213,800 shares. Currently, 0.6% of the company's stock are sold short. Based on an average daily trading volume, of 141,500 shares, the short-interest ratio is presently 1.2 days.

Analyst Ratings Changes

Separately, HC Wainwright restated a "buy" rating and issued a $3.00 price target on shares of Tigo Energy in a research note on Wednesday, February 12th.

Hedge Funds Weigh In On Tigo Energy

A hedge fund recently raised its stake in Tigo Energy stock. Geode Capital Management LLC increased its stake in Tigo Energy, Inc. (NASDAQ:TYGO - Free Report) by 166.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 234,893 shares of the company's stock after purchasing an additional 146,634 shares during the quarter. Geode Capital Management LLC owned approximately 0.39% of Tigo Energy worth $399,000 at the end of the most recent quarter. Institutional investors and hedge funds own 15.72% of the company's stock.

Tigo Energy Stock Down 1.9 %

TYGO stock traded down $0.02 during midday trading on Monday, hitting $1.02. The company's stock had a trading volume of 58,765 shares, compared to its average volume of 123,883. The firm's 50-day moving average is $0.95 and its 200-day moving average is $1.13. The company has a market cap of $61.95 million, a PE ratio of -1.20 and a beta of 0.77. The company has a current ratio of 3.96, a quick ratio of 1.60 and a debt-to-equity ratio of 1.14. Tigo Energy has a 12 month low of $0.76 and a 12 month high of $2.12.

Tigo Energy (NASDAQ:TYGO - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.29). Tigo Energy had a negative net margin of 110.29% and a negative return on equity of 103.85%. On average, equities research analysts forecast that Tigo Energy will post -0.78 earnings per share for the current fiscal year.

About Tigo Energy

Tigo Energy, Inc provides solar and energy storage solutions for the solar industry. It offers module level power electronics (MLPEs) to maximize the energy output of individual solar modules. The company also provides GO Energy Storage Systems that provide solar energy storage management capabilities; and Energy Intelligence (EI) platform, which provides monitoring and energy demand forecasting capabilities.